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News of  March 27, 2002

Four U.S. Suppliers Win Toyota's Top Awards Suppliers Recognized for Contribution to Successful Launch of New Camry

Covington, KY - At Toyota's Annual Supplier Business Meeting and Awards Ceremony, four of Toyota's U.S. suppliers were awarded Superior Awards, the company's highest level of recognition: AK Steel Corporation, Nova Chemicals, Inc., U.S. Engine Valve, and TG Missouri Corporation. The awards, presented tonight in Northern Kentucky, acknowledge those suppliers who have met Toyota's highest standards in quality, delivery, and value improvement for parts, materials, and transportation.

Additionally, special recognition awards were given for vehicle launch performance. This award recognizes those suppliers whose exemplary work over the past several years greatly contributed to a smooth launch of the new model Camry.

TG Missouri Corporation, an air bag and interior plastics supplier, located in Perryville, Mo., was awarded the Superior Award in this category. The Excellent Awards in this category went to Denso International America, Inc. (Denso Manufacturing Michigan, Inc.), a HVAC supplier in Battle Creek, Mich. and Summit Polymers, Inc., a trunk release handle supplier in Mt. Sterling, Ky.

"The quality and reliability of Toyota's vehicles depend in large part on the success of our North American suppliers," said Tsugio Kadowaki, vice president of Purchasing for Toyota Motor Manufacturing North America, located in Erlanger, Ky.

"These suppliers achieve and often exceed our strict performance standards. This is an opportunity for Toyota to formally recognize their valuable contribution to our success."

Toyota's Annual Business Meeting and Awards Ceremony brings together the automaker's approximately 500 North American suppliers to share expectations for the coming business year and to recognize outstanding performance among suppliers.

With plans to reach annual capacity of 1.45 million cars and trucks and 1.16 million engines by 2003, Toyota's increased manufacturing investment in North America has a significant impact on the amount of goods and services purchased in North America. Toyota's localization efforts led the automaker to purchase nearly $15 billion worth of parts and materials made in the U.S. (including exported parts) during the 2000 fiscal year, up 15% from 1999.

The Annual Business Meeting featured a keynote address by Doug Hall, founder and CEO of the world famous Eureka ! Ranch in Cincinnati, Ohio, a corporate innovation and research facility. Hall shared the wealth of knowledge he has discovered in working with some of the world's leading corporations.

By 2003, Toyota will employ some 33,000 people throughout North America. Toyota's North American-produced vehicles include the Camry, Avalon, Matrix, Sienna, Solara, Sequoia, Corolla, Tundra, and Tacoma. Beginning in the fall of 2003, the Lexus RX300 will also be produced here. The automaker currently has manufacturing operations in California, Indiana, Kentucky, Missouri, West Virginia, Ontario and British Columbia. Future plants have been announced in Alabama and Baja California, Mexico.

(March 21, 2002)

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